Thread regarding Wells Fargo & Co. layoffs

News on hubs closing?

Which locations are considered hubs besides MN, AZ & NC? Are any smaller hubs closing due to size and location?

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| 4312 views | | 26 replies (last July 1, 2021) | Reply
Post ID: @OP+1bxzXj5r

26 replies (most recent on top)

@4qps. Which cities in India are you talking about?

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Post ID: @5lue+1bxzXj5r

At least for Corporate Risk, San Francisco (& the Bay Area in general) is not a hub. I repeat, not a hub, as in we have not been able to hire there for ages. And yet it is a hub because tons of us work here! So I call it a “non-hub hub”. I also consider it a slap in the face that SF continues to be WF’s headquarters! For what reason? To mock SF employees who have no opportunity to move internally, that’s my belief.

And yes, I’m aware that other LOBs like Technology have hubs in CA.

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Post ID: @5ejf+1bxzXj5r

Only 2 hubs in the future. 3-5 years from now it'll be complete

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Post ID: @4qps+1bxzXj5r

@2plb - He wouldn't go to SFO, because of personal reasons. Something the wife found out about. rumor is, over her dead body would he work there.

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Post ID: @3fgx+1bxzXj5r

The hub city in CA is San Francisco. Also, when a city is denoted as a hub it means the city. So there can be multiple buildings used as the hub. San Francisco is a big example of this. Same for Charlotte.

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Post ID: @2jsx+1bxzXj5r

@2wri. I think you are missing the point. The poster is talking about cases where you are forced to go to a far hub city where you had a shorter or no commute before.

Speaking of lower costs, the company has had little or no electricity, sewer, utility costs for over a year but apparently those savings wasn’t enough for them and they had to lay a bunch of people off anyway. No limit to corporate greed when it is unchecked.

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Post ID: @2bmb+1bxzXj5r

@2xuq+1bxzXj5r

Why would there be a cost of living adjustment for going to the office? They didn't reduce our pay when they started WFH soooo, yeah.

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Post ID: @2wri+1bxzXj5r

If you're asked to move to a location that that is a certain distance from your home, that can be considered a material change to your job, making you eligible for severance if you refuse.

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Post ID: @2gqt+1bxzXj5r

Remember, no cost of living adjustments when you have to go back to the office. To create attrition give them a far hub assignment. It doesn't matter than a team spread across three hubs is remote, get them into the office to bring down headcount.

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Post ID: @2xuq+1bxzXj5r

If the CEO will not move to the SF hub. That speaks volumes. Run for the hills!

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Post ID: @2plb+1bxzXj5r

You all don't forget that our own CEO refused to move to a hub HQ upon hire (SF). Even Charlie Munger was quoted as saying it was ridiculous our ceo was not in SF. New York was not a hub. It is now. This is the epitome of hypocrisy.

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Post ID: @2qto+1bxzXj5r

Just because you live near an approved hub, doesn’t mean you won’t be asked to move across the country to another hub.

And don’t forget, with layoffs occurring simultaneously, you can sell your home and uproot your family and consequently be terminated.

What a great solution and stress inducer for everyone.

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Post ID: @1zrz+1bxzXj5r

There are something like 25 approved hubs, but each LOB can determine which hubs are approved for their purpose.

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Post ID: @1uew+1bxzXj5r

Atlanta has a pretty large presence

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Post ID: @1huw+1bxzXj5r

Is it the general consensus that large centers in places like Beaverton OR, Sioux Falls SD, Concord, CA, San Antonio, TX, etc. are all going to be emptied and closed?

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Post ID: @1bfo+1bxzXj5r

Off top of my head, here are some of the hubs:
Charlotte, NC
Des Moines, IA
New York City, NY
Minneapolis, MN
St. Louis, MO
Maybe 1 in CA
Dallas, TX (technology mostly)
Phoenix, AZ

Internationally they will keep India & Philippines, including sending more US jobs there. Also keep presence in London, Ireland, Hong Kong, South Korea, Australia and a few more.

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Post ID: @1lzq+1bxzXj5r

@1zps disagree 100%

Everytime I visit Arizona I can't wait to leave.

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Post ID: @1dkc+1bxzXj5r

Des Moines and new York city are hubs. There us one in florida and Oregon

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Post ID: @1cjc+1bxzXj5r

The best hub is easily AZ.

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Post ID: @1zps+1bxzXj5r

Also heard we are going to 2 new Data centers in Dallas & Reston, VA.

All others will consolidate to these 2 locations eventually

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Post ID: @nkv+1bxzXj5r

The whole states aren't hubs. Only Charlotte is a hub in NC. So that means Winston Salem will close etc

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Post ID: @avo+1bxzXj5r

CT was moved under Mack, I’d imagine some reorgs and cuts coming there

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Post ID: @gzi+1bxzXj5r

Ask Connor. I bet he is the one plotting and plodding the sitrles that closed and heads that get cut.

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Post ID: @spr+1bxzXj5r

think fast...are the headquarters of wells fargo? yep...thats a hub

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Post ID: @ifx+1bxzXj5r

It’s well documented Captain Obvious and does not if u live near a hub… your job could go anywhere.

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Post ID: @yhd+1bxzXj5r

Depends on the LOB.

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Post ID: @fxk+1bxzXj5r

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